Ann: Application for quotation of securities - AXL, page-7

  1. 46 Posts.
    lightbulb Created with Sketch. 12
    Thank you.

    So these 9.7 million pre IPO (formerly escrowed) shares owned by seed investors essentially have a cost base of about 6 cents, while IPO investors got in at 20 cents. I understand they are different
    types of investments/financing and carry different terms and risks, but geez why such a large difference in investment cost. Seems like the seed investors got a very generous offer, while IPO investors have been screwed over.
    Last edited by StockSeeker: 18/12/24
 
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